Finite Math Examples

Evaluate (167000(0.07/12))/(1-(1+0.07/12)^(-12*30))
Step 1
Combine and .
Step 2
Simplify the denominator.
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Step 2.1
Divide by .
Step 2.2
Add and .
Step 2.3
Multiply by .
Step 2.4
Rewrite the expression using the negative exponent rule .
Step 2.5
Raise to the power of .
Step 2.6
Divide by .
Step 2.7
Multiply by .
Step 2.8
Subtract from .
Step 3
Reduce the expression by cancelling the common factors.
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Step 3.1
Multiply by .
Step 3.2
Cancel the common factor of and .
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Step 3.2.1
Factor out of .
Step 3.2.2
Cancel the common factors.
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Step 3.2.2.1
Factor out of .
Step 3.2.2.2
Cancel the common factor.
Step 3.2.2.3
Rewrite the expression.
Step 4
Multiply the numerator by the reciprocal of the denominator.
Step 5
Divide by .
Step 6
Multiply .
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Step 6.1
Combine and .
Step 6.2
Multiply by .
Step 7
Divide by .